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Luxury brands enjoying African success, but unlikely to open many stores

13/03/2013

Luxury brands are doing increasing business in Africa, a report in the Financial Times has said, because oil and gas development in a range of countries is producing a booming upper-middle class. Claudia D’Arpizio, head of luxury goods at analyst firm Bain & Company, told the FT that brands, including luxury leathergoods brands, are receiving...

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